Summary
- The Competition Commission of India has approved the 100% acquisition of Royal Challengers Sports Private Limited by a consortium including Aditya Birla Group and Blackstone-backed funds.
- CCI also penalized HP India for hub-and-spoke cartelisation in GeM tenders, while the Central Consumer Protection Authority imposed fines on SpiceJet and Chaayos for unfair trade practices.
- Significant rulings from NCLT included cancelling a share allotment deemed oppressive and allowing withdrawal of a company petition against SpiceJet with costs.
- These developments signal heightened regulatory scrutiny across sectors, impacting corporate governance and consumer rights in India.
Join the discussion ā sign up to comment, upvote, and save articles.